About shopgro
shopgro is a Technology company based in Bengaluru (India) founded in 2016. Hyper-local stores are enabled for businesses via cloud-connected PoS devices. It operates in the Technology and Retail sectors. shopgro has raised $35.42 thousand across 2 funding rounds from investors including Deshpande Startups and Startup Karnataka. shopgro was last valued at $985.81 thousand in November 2019. Its Indian entity Shopgro India Private Limited reported revenue of ₹16.2 Lakh. Its focus areas include E-Commerce Enablers, Storefronts, Diversified and Enterprise Applications.
Company details
Founded in 2016 in Bengaluru, India, solutions are provided in the retail technology sector to establish hyper-local online stores for businesses. A plug-and-play device is utilized to connect barcode scanners and point-of-sale systems, transmitting scanned data to a cloud platform. Product details and images are sourced, store pages are generated, and search engine optimization is applied to enhance visibility in local search results.
- Headquarters Bengaluru, India
- SectorsTechnologyRetail
- Email••••••••
- Phone•••• ••••
- Website shopgro.in
- Legal Name Shopgro India Private Limited
- Date of Incorporation 05 Sep, 2016
- Jurisdiction Hubli, Karnataka, India
- Annual Revenue₹16.2 Lakh
FY 2021 · +7% YoY
- Net Loss-₹15.3 Lakh
FY 2021 · -95% margin
- EBITDA-₹28.3 Lakh
FY 2021 · -175% margin
- Total Equity Funding$35.42K (USD)
in 2 rounds
- Latest Funding Round$35.42K (USD), Seed
Nov 2019
- InvestorsDeshpande Startups
& 1 more
Associated legal entities of shopgro
shopgro operates through Shopgro India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Shopgro India Private Limited CIN U74999KA2016PTC096287 | Active | 05 Sep 2016 | Hubli, Karnataka | ₹0.2 Cr | 2 | View details |
Funding Insights of shopgro
shopgro has successfully raised a total of $35.42K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $35.42 thousand completed in November 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $35,417
- Total Rounds 2
- Last Round Seed — $35,417
- Investors Count 2
All 2 funding rounds of shopgro with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2019 | $35,417 | Seed | $985,807 | Deshpande Startups | – |
| Aug 2019 | Grant | – | – |
Last known valuation $985,807 (Nov 2019). 2 investors in total: 2 institutional.
Investors in shopgro
shopgro has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Deshpande Startups and Startup Karnataka.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Supporting startups through incubation, funding, and innovation services in India. | 2016 | deshpandestartups.org | Hubli, India | |
Support for startups in Karnataka is delivered through policies, funding, and networking services. | 2004 | missionstartupkarnataka.org | Bengaluru, India |
Investor details for shopgro
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Shopgro India Private Limited (shopgro)
Shopgro India Private Limited is the primary company behind shopgro. The board of Shopgro India Private Limited currently have 2 directors; the longest-serving is Ravindra Kanchikare, appointed in 2016. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ravindra Kanchikare DIN 07450998 | Director | 05 Sep 2016 | 10 yrs 2 mo | Shopgro India Private Limited |
| Prasanna Kumar Gopinath DIN 06430323 | Director | 05 Sep 2016 | 10 yrs 2 mo | Shopgro India Private Limited |
Financials of shopgro
Figures of Shopgro India Private Limited, the primary company behind shopgro, for FY 2021. Revenue was ₹16.2 Lakh (+7% year on year). Net loss was -₹15.3 Lakh (-95% margin). EBITDA was -₹28.3 Lakh (-175% margin).
- ₹16.2 LakhRevenue · FY 2021 · +7% YoY
- -₹15.3 LakhNet loss · -95% margin
- -₹28.3 LakhEBITDA · -175% margin
- ₹1.1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Shopgro India Private Limited are on its company page.
Detailed financial statements for shopgro
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of shopgro
3 dated milestones of shopgro across 3 years, from founding to its latest funding, stage changes and deals.
- Founded shopgro is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $35K.
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Frequently Asked Questions about shopgro
shopgro was founded in 2016 and raised its 1st funding round 3 years after it was founded.
shopgro is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
shopgro is a funded company, having raised a total of $35.42K across 2 funding rounds to date.
The primary company behind shopgro, Shopgro India Private Limited, reported revenue of ₹16.2 Lakh for FY 2021, up 7% year on year.
Founded in 2016 in Bengaluru, India, solutions are provided in the retail technology sector to establish hyper-local online stores for businesses. A plug-and-play device is utilized to connect barcode scanners and point-of-sale systems, transmitting scanned data to a cloud platform. Product details and images are sourced, store pages are generated, and search engine optimization is applied to enhance visibility in local search results.
shopgro has 2 investors. Key investors include Deshpande Startups, and Startup Karnataka.
The valuation of shopgro is $985.81K as of Nov 2019.
shopgro operates through Shopgro India Private Limited.
The legal entities of shopgro currently have 2 directors, including Ravindra Kanchikare, Prasanna Kumar Gopinath.